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Law Compliance is the best reason applied by wise men since ages to the transactions and the businesses for good governance, ethical as per society rules. In today’s era of volatility, organizations need to evolve to address the changing business landscapes, and to do this, a   digital transformation is of utmost importance. It perpetuates…

Laws continue to be enacted, and the regulatory environment continues to be hostile. However, times have changed with the new Finance Budget 2021 in hand. The complexities of compliance are now relaxed where the business entities continue to be compelled into demonstrating the required compliance with legal mandates yet enjoy the ease of doing better…

Taxation is the expense which civilians pay for an opportunity to remain civilized and today, it takes more brains and effort to calculate the income-tax than it does to make the income. So let us understand the tax reforms introduced under Financial Budget 2021. Health and Wellbeing, Physical and Human Capital Development, Innovation and R&D,…

The ill-famed Vodafone tax evasion case brings to mind the question that plagues most multinational companies – whether to hire local counsel or use an ex-pat firm. Localization might seem like a wasted expense but it has proven to be the better choice in the end. Take for example the case of Novartis Pharmaceuticals. The…

Shares may be transferred under a sale or as a gift. Further transfers may occur between any of the following – Resident Indians (Residents)Non Residents (NR)Non-Resident Indians (NRI)Overseas Corporate Bodies (OCB) In certain cases, the transfer of shares requires prior approval of RBI under FEMA regulations. Transfer of shares between parties where one of the…